L-3 sees no surprises in 4th qtr results, eyes acquisitions
"... In 2001, Lanza noted L-3 plans to maintain its aggressive acquisition strategy, buying companies to enhance its position as a provider of systems for ground, air, sea and satellite communications, surveillance, reconnaissance and other intelligence collection. ... L-3 was formed in April 1997 through the purchase of units that were part of the Loral Corp. and Lockheed Martin Corp. (NYSE:LMT - news) merger of 1996. Lanza joined with Lockheed executive Robert LaPenta, now L-3's chief financial officer, and Lehman Brothers to create L-3, positioning the company as a communications supplier for the Defense Department's prime contractors."
In addition to acquiring assets, L-3 plans to expand its product base and make investments in developing space and satellite programs. ..."